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VTEX - VTEX STOCK NEWS

Welcome to our dedicated page for VTEX news (Ticker: VTEX), a resource for investors and traders seeking the latest updates and insights on VTEX stock.

VTEX (NYSE: VTEX) is a leading global provider of e-commerce and omnichannel solutions, leveraging its software-as-a-service (SaaS) platform to empower enterprise brands and retailers. Founded in 2000, VTEX offers a comprehensive suite of tools that enable customers to execute their commerce strategies effectively. This includes building online stores, integrating and managing orders across various channels, and creating marketplaces to support third-party vendor sales.

Recognized globally by analysts from Gartner and Forrester, VTEX is considered a vanguard in digital commerce technology. The company prides itself on its single-code, multi-tenant, scalable, and extensible platform, which facilitates high innovation capacity and quick time-to-market for CIOs and business users alike.

VTEX serves over 2,600 customers across 43 countries, including notable brands like Whirlpool, Electrolux, C&A, Disney, Sony, and Lego. These clients rely on VTEX to streamline their online sales and enhance customer experiences. VTEX's recent efforts have focused on global expansion and technological innovation, as evidenced by their semi-annual product showcase, 'VTEX Vision'. This event highlights new features and updates designed to help businesses navigate economic challenges and improve their digital commerce capabilities.

The company’s platform generates the majority of its revenue from Brazil, followed by other regions in Latin America and around the world. VTEX continues to innovate with new products like the VTEX Ad Network, which offers AI-driven ad optimization, and integrations with popular messaging platforms like WhatsApp for personalized sales conversion.

Additionally, VTEX recently announced a partnership with Pinterest to enhance its social commerce capabilities, allowing brands to connect with a wider audience and integrate their product catalogs seamlessly. VTEX's commitment to security is evident in features like VTEX Shield, which provides advanced threat detection and proactive monitoring to safeguard online stores.

Overall, VTEX's emphasis on practical composability, customer-centric innovations, and robust security measures make it a valuable partner for enterprises looking to modernize their e-commerce operations and achieve sustainable growth.

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VTEX, the global enterprise digital commerce platform, has announced its Annual General Meeting of Shareholders (General Meeting) scheduled for May 26, 2023. The meeting will take place at the company’s registered office in Grand Cayman, Cayman Islands. Shareholders can access the Convening Notice, agenda, proxy card, and relevant materials on the company's official website at www.investors.vtex.com. VTEX serves over 2,600 customers, including notable brands like Carrefour and Sony, and operates more than 3,400 active online stores across 38 countries as of December 31, 2022. The company continues to position itself as a leader in enabling brands and retailers to enhance their digital commerce strategies.

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VTEX (NYSE: VTEX), a global enterprise digital commerce platform, is set to release its financial results for the first fiscal quarter ending March 31, 2022, on May 9, 2023, at 4:30 PM Eastern Time. This announcement comes as VTEX continues to provide advanced commerce solutions for brands and retailers, driving growth and efficiency in the e-commerce sector. The company boasts a strong customer base of over 2,600, including major brands like Carrefour, Colgate, and Sony, operating over 3,400 online stores across 38 countries as of FY 2022. Investors can access the financial results through a conference call or an audio webcast available on their investor relations website.

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Riverwood Capital, managing $5.6 billion, announced the promotions of executives Joe De Pinho, Alex Porto, and Ramesh Venugopal to Partner. The firm has seen a 40% growth in headcount over the last three years and an average revenue growth of 46% per year across its portfolio since inception. In 2022, investments grew revenues by 60% on average, up from 49% in 2021. Co-founders emphasized their strategy of investing in established technology companies amidst various global challenges. Riverwood's consistent focus on scaling businesses underlines its commitment to driving industry transformation.

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VTEX (NYSE: VTEX) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022 with the SEC on March 2, 2023. This report details the company's financials and is accessible on both the SEC's database and VTEX's investor relations website. VTEX is recognized as a leading enterprise digital commerce platform, serving over 2,600 clients globally, including major brands like Carrefour and Whirlpool. The platform supports businesses across various commerce models (B2B, B2C, and Marketplace) with innovative solutions for faster growth.

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VTEX reported strong financial results for the fourth quarter of 2022, with GMV growing 34% year-over-year to US$3.9 billion and total revenue reaching US$45.5 million, marking a 22.5% YoY increase. Subscription revenue accounted for 93.9% of total revenues, growing 23.8% YoY. Notably, non-GAAP income from operations improved to US$2.1 million, a significant turnaround from previous losses. The company generated positive free cash flow of US$2.5 million. Despite macroeconomic challenges, VTEX aims for 15% to 19% revenue growth in 2023, targeting US$183 million to US$189 million in total revenue.

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VTEX (NYSE: VTEX) announced it will release its financial results for Q4 2022 on March 2, 2023, at 4:30 PM ET. The conference call can be accessed at +1-844-200-6205 (Conference ID: 986676) or via audio webcast on their investor relations website. VTEX, a leader in enterprise digital commerce, supports over 2,400 customers and has more than 3,200 active online stores across 38 countries. The company aims to facilitate growth through its comprehensive Commerce, Marketplace, and OMS solutions, providing brands and retailers with efficient B2B and B2C commerce experiences.

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VTEX, a global enterprise digital commerce platform, launched a research paper titled 'Three Investments to Drive Ecommerce Growth' at NRF 2023. The study highlights critical investment areas for retailers to combat ecommerce challenges and enhance profitability amidst economic headwinds. Conducted with AWS, it suggests focusing on better customer engagement, strengthening inventory and fulfillment, and innovating customer interaction methods. Notably, 37% of retailers reported that ecommerce isn't meeting profitability targets. The report aims to provide actionable insights for retailers to achieve their 2023 profitability objectives.

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VTEX reported strong performance in November, with a total Gross Merchandise Value (GMV) of US$1.75 billion, marking a 33% increase year-over-year. Orders also rose 30% year-over-year, highlighting resilience amid challenging macro conditions. Key growth verticals included electronics (+47% YoY) and grocery (+45% YoY), fueled by the FIFA World Cup. Despite a lower-than-expected Black Friday performance, the platform achieved 100% uptime during peak shopping days, enabling 1.5 million consumer orders, a 9% increase from last year.

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FAQ

What is the current stock price of VTEX (VTEX)?

The current stock price of VTEX (VTEX) is $6.855 as of November 4, 2024.

What is the market cap of VTEX (VTEX)?

The market cap of VTEX (VTEX) is approximately 1.3B.

What services does VTEX provide?

VTEX offers a comprehensive e-commerce and omnichannel SaaS platform that helps enterprise brands and retailers build online stores, manage orders, and create marketplaces.

Who are some of VTEX's notable customers?

VTEX serves over 2,600 customers, including prominent brands like Whirlpool, Electrolux, C&A, Disney, Sony, and Lego.

What is 'VTEX Vision'?

'VTEX Vision' is a semi-annual product showcase that highlights new features and updates aimed at helping businesses navigate economic challenges and enhance their digital commerce capabilities.

How does VTEX ensure security for its platform?

VTEX provides advanced security features like VTEX Shield, which includes proactive monitoring, advanced threat detection, and vulnerability management.

What is the VTEX Ad Network?

The VTEX Ad Network is an innovative solution that allows businesses to create and manage ad space across various digital storefronts, leveraging AI-driven optimization for higher conversions and click-through rates.

How does VTEX integrate with social commerce platforms?

VTEX recently partnered with Pinterest, enabling its customers to integrate their product catalogs, create Pins, and run shopping campaigns on the social media platform.

What markets does VTEX primarily operate in?

VTEX generates the majority of its revenue from Brazil, followed by other regions in Latin America and around the world.

What is VTEX's approach to innovation?

VTEX focuses on practical composability and customer-centric innovations, continually updating its platform to meet the evolving needs of enterprise brands and retailers.

What advantages does VTEX offer to its users?

VTEX provides unmatched flexibility, quick time-to-market, robust security features, and comprehensive solutions that help brands and retailers enhance their digital commerce operations and achieve sustainable growth.

Where can I learn more about VTEX?

For more information about VTEX, visit their official website at www.vtex.com.

VTEX

NYSE:VTEX

VTEX Rankings

VTEX Stock Data

1.27B
78.57M
27.56%
45.69%
0.12%
Software - Application
Technology
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